Listen to the audio version of this article (generated by AI). Going into last week, semiconductor stocks were already suffering their worst monthly rout since 2008. There was no single cause for the bearish turn. Wall Street grew anxious about how quickly Big Tech could turn massive AI investments into profits. Reports that NVIDIA Corporation … Read more
Apple Is Down 10%. Should Investors Buy the Dip?
The whipping post
Key Points The consumer tech giant reported a 26% year-over-year revenue gain. Like others, Apple is feeling the effects of a memory chip shortage. However, the company’s products remain in strong demand. 10 stocks we like better than Apple › Despite reporting record earnings per share and beating Wall Street estimates, Apple (NASDAQ: AAPL) stock … Read more
3 Stocks to Buy as AI Infrastructure Continues to Surge
The whipping post
Key Points Nvidia is the AI model training leader and well positioned for the rise in inference. SK Hynix is the leader in the surging HBM market. TSMC is poised to benefit from the continued surge of chips going into AI data centers. 10 stocks we like better than Nvidia › With Alphabet and Amazon … Read more
Amazon Stock Soars After Q2 Earnings: Buy, Hold, or Take Profits?
Amazon AMZN stock is ripping higher on Friday after the e-commerce and cloud computing giant delivered a blockbuster Q2 report that comfortably exceeded Wall Street’s expectations yesterday evening. The company’s accelerating momentum in artificial intelligence, booming Amazon Web Services (AWS) business, and robust profitability reassured investors that Amazon remains one of the biggest beneficiaries of … Read more
Cathie Wood Is Buying SpaceX Stock as it Sinks 50% Below Its Post-IPO High. Should You Follow Her?
Key Points Cathie Wood believes that Space Exploration Technologies’ reusable rockets will be a cost-effective solution to the space economy. She expects the company’s thousands of satellites to drive accelerating broadband capacity and generate millions in gross profit by 2030. SpaceX stock is still expensive while it’s reporting losses. 10 stocks we like better than … Read more